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Cable Update (GBPUSD)

  • #391,681
  • Aug 6, 2014 3:53pm Aug 6, 2014 3:53pm
Trade confirmation
On 06-Aug-2014 at 20:51:51 (GMT)
You sold 5 GBPUSD @ 1.68521 for value date 08-Aug-2014
Front office position id: 140560404
Account: 5589929
  • #391,682
  • Aug 6, 2014 3:53pm Aug 6, 2014 3:53pm
Quoting JimmyC
{quote} http://youtu.be/AVdB-UKfxD4
... Mark Knopfler and the band. .. Love it!
Ghost Rider - WWTBMD?
  • #391,683
  • Aug 6, 2014 3:55pm Aug 6, 2014 3:55pm
Quoting JimmyC
I think I'm done here... I watch you guys intraday trade. You win you lose. I don't trade often I just slowly follow the trend... http://youtu.be/C_SKx4m_7vQ Do what you think is best, me I make 4% per month my living expenses are .08 or are at the moment Rock on.... I'm done here, I don't gain anything from this place.... Its a waste of my time and energy
I know a place you're input is appreciated Jimmy.
Ghost Rider - WWTBMD?
  • #391,684
  • Aug 6, 2014 3:59pm Aug 6, 2014 3:59pm
pull back situ ,
Attached Image (click to enlarge)
Click to Enlarge Name: EURLFXDaily 6-8 2.png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #391,685
  • Aug 6, 2014 4:01pm Aug 6, 2014 4:01pm
Quoting albchr
{quote} I know a place you're input is appreciated Jimmy.
CC is the place to BE



HDA OUT
  • #391,686
  • Aug 6, 2014 4:04pm Aug 6, 2014 4:04pm
Quoting JimmyC
{quote} http://youtu.be/AVdB-UKfxD4
  • #391,687
  • Aug 6, 2014 4:06pm Aug 6, 2014 4:06pm
Quoting JimmyC
I think I'm done here... I watch you guys intraday trade. You win you lose. I don't trade often I just slowly follow the trend... http://youtu.be/C_SKx4m_7vQ Do what you think is best, me I make 4% per month my living expenses are .08 or are at the moment Rock on.... I'm done here, I don't gain anything from this place.... Its a waste of my time and energy
Hi Jimmy, do not expect to much from cable thread ... there are better ones for sure. I'm always learning from your analysis and you will not be surprised that my trading has improved potentially with the growth of my TFs
Fix up, trade sharp ...
  • #391,688
  • Aug 6, 2014 4:11pm Aug 6, 2014 4:11pm
Quoting HDA
{quote} CC is the place to BE HDA OUT
Attached Image

Ghost Rider - WWTBMD?
  • #391,689
  • Aug 6, 2014 4:26pm Aug 6, 2014 4:26pm
Tony , what say you .... passes for a shooting star ? clean rejection off wedge

Quoting Bones
pull back situ , {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1DlyDxy.png Size: 7 KB
Hear the music before the song is over ...
  • #391,690
  • Aug 6, 2014 5:25pm Aug 6, 2014 5:25pm
Quoting elbert3
Trade confirmation On 06-Aug-2014 at 20:51:51 (GMT) You sold 5 GBPUSD @ 1.68521 for value date 08-Aug-2014 Front office position id: 140560404 Account: 5589929
Whats your target? I'm still short from 6857, but if this won't close below 6850 in the next few hours, I will rather close it and wait for the news.
Everyone can see the chart, but only a few can actually read it.
  • #391,691
  • Aug 6, 2014 6:03pm Aug 6, 2014 6:03pm
Its tricky , have support lower ,could be consolidation ,ideally it would break lower ,but end of week I expect above,

t/l bounce would be great ,I def expect to hold based on monthly

Quoting GlobalMacro
Tony , what say you .... passes for a shooting star ? clean rejection off wedge {quote} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDXWeekly 70=8-w1 no2.png Size: 23 KB
Click to Enlarge Name: USDXDaily 6-8 d1 no 2.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #391,692
  • Aug 6, 2014 6:33pm Aug 6, 2014 6:33pm
Quoting JimmyC
I think I'm done here... I watch you guys intraday trade. You win you lose. I don't trade often I just slowly follow the trend... http://youtu.be/C_SKx4m_7vQ Do what you think is best, me I make 4% per month my living expenses are .08 or are at the moment Rock on.... I'm done here, I don't gain anything from this place.... Its a waste of my time and energy
Hey Jimmy 4% per month is excellent!

I know there are many who love long term trading and are successful with it, but intraday is all I trade. However, I do not haphazardly enter random positions.

I tried trading Daily/ weekly with H4 as my entry, but it was not a good fit for me. Continually being in trades overnight honestly affected my sleep. Especially when the position was for a larger lot size (for me that would be 2.0 to 5.0). So I moved to intraday. Now I take smaller moves, but am generally done with trading after a few hours or sometimes, like today, minutes spent watching a screen. I only check my charts when I receive an alert on my smart phone, or if I have some down time and almost never hold a position over night. This also fits my schedule because I work full time.

I do know this, many people on this site tend to trade based on one or two indicators and this is flimsy evidence for entering a position. (fibo, psych levels, & pivots seem to be big here. Not that they are useless, but I use none of these).

There is no magic indicator or system. It has to be a basket of considerations and the more these considerations are aligned before an entry, the higher probability of a successful trade. A good trader must have a trade progression that they believe in and have tested live with higher lots. If a person can't explain their trade progression, then their chance of long term sustained profit is very low.

For me the break through was developing a system that limits the time I watch charts. Mapping my trade, setting lines, and adjusting off of cell phone alerts has helped me become a set it and forget it trader. The mental part of this game is the real issue in FX. Not if a person trades hourly, daily, or weekly time frame. And if a trader is continually trading demo, or low level micro lots....well this is great for testing or if you are new to the game. But if you are still continually using low level micro lots after several years of trading....you should probably re-evaluate things.

I post my trades here, win or lose, because it helps me develop my skill set.

Thanks for your input regarding trading and your thoughts.
  • #391,693
  • Aug 6, 2014 6:48pm Aug 6, 2014 6:48pm
Short GJ 172.105 tp 170.390
A good trader follows his rules, but great trader knows when to break them
  • #391,694
  • Aug 6, 2014 8:24pm Aug 6, 2014 8:24pm
Quoting HDA
{quote} @braintheboss: GBP/USD 1.6811 - bids are lined up 1.6810 - bids are lined up There are no GBP/USD Options Expiry's for tomorrow, Thursday, August 07, 2014 I remain Short 1.6760 - Take profit HDA OUT
Seems about right, same chart, different day.

The interesting part is when I get to post a new chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily86.jpg Size: 169 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #391,695
  • Aug 6, 2014 8:28pm Aug 6, 2014 8:28pm
Quoting JimmyC
I think I'm done here... I watch you guys intraday trade. You win you lose. I don't trade often I just slowly follow the trend... http://youtu.be/C_SKx4m_7vQ Do what you think is best, me I make 4% per month my living expenses are .08 or are at the moment Rock on.... I'm done here, I don't gain anything from this place.... Its a waste of my time and energy
Well, if so, wish you luck Jimmy. But I really do appreciate your charts.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #391,696
  • Aug 6, 2014 9:13pm Aug 6, 2014 9:13pm
LOL what a happy yet lucrative place
Quoting HDA
{quote} Bones is in looooovvvveeeeeee HDA OUT
  • #391,697
  • Aug 6, 2014 9:17pm Aug 6, 2014 9:17pm
Wow great, after you close these two positions! LOL

it's a nice clean garden city by the way!

Quoting HDA
{quote} @wendyqq: Thank you for those kind words. hope your trading continues to evolve. Unfortunately, I'm not a GURU Please keep in touch, I've always wanted to visit Singapore. HDA OUT
  • #391,698
  • Aug 6, 2014 11:18pm Aug 6, 2014 11:18pm
Quoting Bones
Its tricky , have support lower ,could be consolidation ,ideally it would break lower ,but end of week I expect above, t/l bounce would be great ,I def expect to hold based on monthly {quote} {image} {image}
Hi Bones,
So whats the future of EURUSD + USDCHF? i m long eurusd and short usdchf.. close them or wait for sometime? thanks
  • #391,699
  • Aug 6, 2014 11:23pm Aug 6, 2014 11:23pm
Long EURUSD + short USDCHF = double exposure = long EURCHF with adjusted volume.
  • #391,700
  • Aug 7, 2014 12:30am Aug 7, 2014 12:30am
Quoting Ken A
Long EURUSD + short USDCHF = double exposure = long EURCHF with adjusted volume.
what about gbpjpy
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